An explanation of how a favorite Fed rate setting tool, the Taylor Rule, promotes inequality by shifting income away from workers.
Recent Items
Friday, August 1, 2025
Central Banks and Income Distribution: Does the Taylor Rule Push Up Rentier Incomes?
Topics: Banking industry, Dubious statistics, Economic fundamentals, Federal Reserve, Free markets and their discontents, Guest Post, Income disparity, Politics, The destruction of the middle class
Posted by Yves Smith at 9:53 am | 10 Comments »
Links 7/28/2023
Topics: Links
Posted by Lambert Strether at 6:58 am | 141 Comments »
Some Thoughts on the Russian End Game in Ukraine
What might Russia do as Ukraine’s military weakens?
Topics: Doomsday scenarios, Europe, Politics, Risk and risk management, Russia
Posted by Yves Smith at 6:50 am | 123 Comments »
The Fallout from the Nigel Farage Debanking Scandal Continues to Spread
The share price of Coutts’ parent bank, semi-state owned Natwest, has slumped 8% over the past 10 days, wiping £1 billion off its market cap and generating juicy returns for short-selling hedge funds.
Topics: Guest Post
Posted by Nick Corbishley at 6:45 am | 39 Comments »
Revealed: Fossil Fuel Giants Are Using British Influencers to go Viral
Some badly-needed naming and shaming of soi-disant influencers who ran undisclosed advertorials for dirty energy companies
Topics: Dubious statistics, Energy markets, Environment, Global warming, Guest Post, Media watch
Posted by Yves Smith at 4:41 am | 13 Comments »
2:00PM Water Cooler 7/27/2023
~ Today’s Water Cooler ~
Topics: Guest Post, Water Cooler
Posted by Lambert Strether at 2:00 pm | 87 Comments »
Alt-Media Is in Shock After the BRICS Bank Confirmed That It Complies with Western Sanctions
Andrew Korybko explains why the BRICS won’t move as quickly on the new reserve currency projects as enthusiasts suggest.
Topics: Banking industry, China, Currencies, Economic fundamentals, Globalization, Guest Post, India, Payment system, Politics, Russia
Posted by Yves Smith at 9:55 am | 27 Comments »
Links 7/27/2023
Topics: Guest Post, Links
Posted by Lambert Strether at 6:55 am | 110 Comments »
Hunter Biden Plea Deal Collapse: Dirty, Desperate Dealings in Delaware
Hunter Biden seems to have quite the affinity for hot water. Judge Noreika has sent his irregular plea deal back to the drawing board.
Topics: Legal, Media watch, Politics, Taxes
Posted by Yves Smith at 6:50 am | 53 Comments »
Energy Destinies – Part 7: Endgames – The Strait Jacket
A look at population growth and energy consumption shows that there is no way the world will change behavior enough to stop worst outcomes
Topics: Doomsday scenarios, Economic fundamentals, Energy markets, Environment, Global warming, Guest Post, Politics, Regulations and regulators
Posted by Yves Smith at 6:30 am | 27 Comments »
The Balloon Goes Up – How Far Will The Nato Allies Go To Fight Their Losing War in The Ukraine — How Much More Will They Risk Losing of Their Post-1945 Territorial Gains?
Putin has cleared his throat to warn against NATO/Poland incursions into Western Ukraine. But will this red line too be ignored?
Topics: Doomsday scenarios, Europe, Guest Post, Politics, Russia
Posted by Yves Smith at 4:55 am | 160 Comments »
2:00PM Water Cooler 7/26/2023
~ Today’s Water Cooler ~
Topics: Water Cooler
Posted by Lambert Strether at 2:00 pm | 76 Comments »
Former Apollo Chief Leon Black Has More Jeffrey Epstein ‘Splaining To Do with Tax Evasion, Alleged Rape of Autistic 16 Year Old
Shed a crocodile tear. Former private equity kingpin Leon Black is back in hot water thanks to his dealings with child rapist Jeffrey Epstein
Topics: Legal, Politics, Private equity, Taxes
Posted by Yves Smith at 9:55 am | 23 Comments »
Links 7/26/2023
Topics: Links
Posted by Yves Smith at 6:55 am | 253 Comments »
The EU-Indonesia Fight Over Nickel and Who Gets to Own the Clean Energy Future
The situation also provides another example of the challenges of “derisking” from China.
Topics: Auto industry, China, Commodities, Environment, Europe
Posted by Conor Gallagher at 5:00 am | 21 Comments »